IDEAS home Printed from https://ideas.repec.org/p/bge/wpaper/167.html
   My bibliography  Save this paper

Implementation of the Ordinal Shapley Value for a Three-agent Economy

Author

Listed:
  • David Pérez-Castrillo
  • David Wettstein

Abstract

We propose a simple mechanism that implements the Ordinal Shapley Value (Pérez-Castrillo and Wettstein [2005]) for economies with three or less agents.

Suggested Citation

  • David Pérez-Castrillo & David Wettstein, 2005. "Implementation of the Ordinal Shapley Value for a Three-agent Economy," Working Papers 167, Barcelona Graduate School of Economics.
  • Handle: RePEc:bge:wpaper:167
    as

    Download full text from publisher

    File URL: http://www.barcelonagse.eu/sites/default/files/working_paper_pdfs/167.pdf
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Perez-Castrillo, David & Wettstein, David, 2006. "An ordinal Shapley value for economic environments," Journal of Economic Theory, Elsevier, vol. 127(1), pages 296-308, March.
    2. (*), Y. Stephen Chiu & Ani Dasgupta, 1998. "On implementation via demand commitment games," International Journal of Game Theory, Springer;Game Theory Society, vol. 27(2), pages 161-189.
    3. Perez-Castrillo, David & Wettstein, David, 2001. "Bidding for the Surplus : A Non-cooperative Approach to the Shapley Value," Journal of Economic Theory, Elsevier, vol. 100(2), pages 274-294, October.
    4. Vidal-Puga, Juan & Bergantinos, Gustavo, 2003. "An implementation of the Owen value," Games and Economic Behavior, Elsevier, vol. 44(2), pages 412-427, August.
    5. Moore, John & Repullo, Rafael, 1988. "Subgame Perfect Implementation," Econometrica, Econometric Society, vol. 56(5), pages 1191-1220, September.
    6. David Pérez-Castrillo & David Wettstein, 2002. "Choosing Wisely: A Multibidding Approach," American Economic Review, American Economic Association, vol. 92(5), pages 1577-1587, December.
    7. David Perez-Castrillo & David Wettstein, 2004. "An Ordinal Shapley Value for Economic Environments (Revised Version)," UFAE and IAE Working Papers 634.04, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
    8. Winter, Eyal, 1994. "The Demand Commitment Bargaining and Snowballing Cooperation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 4(2), pages 255-273, March.
    9. Perez-Castrillo, D. & Wettstein, D., 1999. "Bidding for the Surplus: a Non-Cooperative Approach to the Shapley Value. ation," Papers 24-99, Tel Aviv.
    10. Roth,Alvin E. (ed.), 2005. "The Shapley Value," Cambridge Books, Cambridge University Press, number 9780521021333.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vidal-Puga, Juan, 2015. "A non-cooperative approach to the ordinal Shapley–Shubik rule," Journal of Mathematical Economics, Elsevier, vol. 61(C), pages 111-118.
    2. Vidal-Puga, Juan, 2013. "A non-cooperative approach to the ordinal Shapley rule," MPRA Paper 43790, University Library of Munich, Germany.
    3. Dominique Demougin & Oliver Fabel, 2006. "The Division of Ownership in New Ventures," SFB 649 Discussion Papers SFB649DP2006-047, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.

    More about this item

    Keywords

    ordinal shapley value; Implementation; Mechanism Design;

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bge:wpaper:167. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bruno Guallar). General contact details of provider: http://edirc.repec.org/data/bargses.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.